Mexico city at goldenhour

Mexico Trade Balance November 2021

Mexico: Merchandise exports rise at a faster pace in November

Merchandise exports jumped 19.2% on an annual basis in November, following October’s flat reading. November’s reading marked the sturdiest expansion since June 2021. Meanwhile, merchandise imports jumped 29.6% on an annual basis in November (October: +25.1% yoy). Both export and import figures were boosted by higher energy prices.

As a result, the merchandise trade balance improved from the previous month, recording a USD 0.1 billion deficit in November (October 2021: USD 2.7 billion deficit; November 2020: USD 3.0 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 5.9 billion deficit in November, compared to the USD 2.8 billion deficit in October.

Panelists surveyed for this month’s LatinFocus report project merchandise exports to rise 6.1% in 2022 and merchandise imports to grow 6.1%, pushing the trade balance to USD -1.5 billion. For 2023, our panel sees merchandise exports increasing 5.0% and merchandise imports rising 6.3%, with a trade balance of USD -8.0 billion.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest